Business & Finance - 6 September 2007

2007-09-06 08:14:18 · 2 answers · asked by Janice W 1 in Small Business

2007-09-06 08:13:34 · 4 answers · asked by Anonymous in United Kingdom

How do you correctly show a montly cost for biweekly payroll? For example, we had 3 pay "days" in August: 8/2, 8/16 & 8/30. However, the pay periods for these dates were: 7/16-7/29, 7/30-8/12, 8/13-8/26. Do I need to make some kind of adjustment to apply 16 of those paid days into July? This will show our payroll as being high 2 months out of the year because of the extra pay week (26 periods instead of 2 per month at 24), and with a newer business I would thing it would be more critical to be a little more accurate. Any suggestions?

2007-09-06 08:11:39 · 2 answers · asked by toutlegal 1 in Small Business

I just got a World Points card and it's one dollar spent- one point earned. 25,000 points gets me a ticket anywhere in the US. How much do you have to spend to get a flight?

2007-09-06 08:10:51 · 5 answers · asked by MeaCulpa 3 in Credit

I put an offer on a condo that was original selling for 289,000. It has been on the market for 4 months. They have reduced the price to 249,000. My offer was for 225,000. When I put the offer in they told me that they told my agent that they had no other offers. I got a call from my agent today saying that the seller's agent said he was suppose to be getting another offer today. The Sellers agent also said that the offfer that I had made was low and they where open to me raising my offer. But my agent said that they did not reject my offer yet. What is going on and what should I do??

2007-09-06 08:09:54 · 5 answers · asked by Meyonce 1 in Renting & Real Estate

can someone tell me what is the company with

1/ the wides range of products { like vergin have media and trains and credit card and exc }.

2/ biggest profit per year.

thanks in advance.

2007-09-06 08:09:47 · 1 answers · asked by CHRISTOPHER H 2 in Corporations

I'm curious what the policy is in the majority of American restaurants these days. Is it more common for waiters & waitresses to "pool" all their tips so that all the staff can share in the amount equally? Or is it more common for the waitstaff to be allowed to personally keep whatever tips they earn?

I think the most fair & equitable method is allowing everyone to keep the tips they earn. There are no hard feelings that way, and everyone gets to earn the tips they DESERVE -- iif you give great service with a great attitude, you get more tips! If not, you don't. Simple as that! :)

I've even heard that there's a higher turnover rate in restaurants where waitstaff are forced to share their tips with each other, because too many hard feelings & conflicts happen, due to the slackers in the staff "sponging" off the hard workers and sharing in undeserved tip money. That would definitely suck. :(

I'd love to hear from anyone who works (or has worked) in the restaurant industry. Thanks!!

2007-09-06 08:08:33 · 7 answers · asked by scary shari 5 in Food Service

I know you received my return product because I received the green postal card and you said my money would be refunded. So what gives? You've had more than enough time to take care of this.

2007-09-06 08:08:26 · 10 answers · asked by Betty H 1 in Credit

only other profession I can think that people do this is models and the like...

2007-09-06 08:08:08 · 4 answers · asked by jane d 4 in Small Business

Can anyone tell me the main features of a private limited company (ltd) ?
Thanks in advance!

2007-09-06 08:05:15 · 1 answers · asked by Anonymous in Corporations

I been thinking to relocated to New York.And I need a nice neighorhood.That does not have a lot of crime or stuff like that.
Also I need to know where to get jobs in New York City.

2007-09-06 08:04:25 · 5 answers · asked by prishi1464love 2 in Renting & Real Estate

I have been looking into ways to invest some money and these are some questions that I came up with from the internet can anyone help me answer these so that I can make the correct decisions.
Suppose you owned a portfolio consisting of $250,000 worth of long-term U.S. government
bonds.
a. Would your portfolio be riskless?
b. Now suppose you hold a portfolio consisting of $250,000 worth of 30-day Treasury bills.
Every 30 days your bills mature, and you reinvest the principal ($250,000) in a new batch
of bills. Assume that you live on the investment income from your portfolio and that you
want to maintain a constant standard of living. Is your portfolio truly riskless?
c. Can you think of any asset that would be completely riskless? Could someone develop such
an asset? Explain.

2007-09-06 08:03:14 · 10 answers · asked by marianne d 2 in Investing

Do I have to get copywrite permission to use the images? or can I get free ones from somewhere?

2007-09-06 07:55:44 · 2 answers · asked by Anonymous in Small Business

My aunt, age 58, has ALS. She is being denied Medicare (told to wait until 65, she won't be alive then) but shouldn't she at MINIMUM receive SSDI since she is unable to work? She has retired with the government with 25 years but shouldn't she be able to get at least SSDI &/or Medicare?

2007-09-06 07:52:22 · 4 answers · asked by magnoliabelle67 2 in Personal Finance

she says she doesn't "do" family court....what the ?/,/..'k
can I get my $$$$ back?
her answer is always bs ....who do I call for problems or disputes....

2007-09-06 07:47:40 · 5 answers · asked by Smith & Jones 2 in Law & Legal

I need help coming up with a name for a small business that will provide :
house sitting
pet sitting
house cleaning
running errands etc

Need company name / logo/catchy phrase .....whatever you can think of.

2007-09-06 07:44:57 · 6 answers · asked by kim 4 in Small Business

Can the renter(s) pull out of the contract?

2007-09-06 07:44:30 · 5 answers · asked by Anonymous in Renting & Real Estate

2007-09-06 07:40:33 · 5 answers · asked by octobervicky 1 in United States

You recently ran into Bill Autograph, a friend from high school who has been really busy
getting his sports collectible/memorabilia business off the ground. When he heard you
were an accountant, he became very interested and wanted you to clarify something.
One concept he seemed particularly confused about was the fact that when inventory is
purchased, it is recorded on the books at cost but the books are not adjusted for
subsequent increases in the value of the inventory. This concept is of particular
importance to Bill because he often buys collectibles that will increase in value depending
on how successful a particular player or team becomes. Can he record increases in the
value of his sports memorabilia inventory?

2007-09-06 07:37:41 · 3 answers · asked by kitten 1 in Other - Business & Finance

On December 1, 2007, Cardinal Company, a garden retailer, purchased $20,000 of corn
seed, terms 2/10, n/30, from Iowa Farm Co. Even though the discount period had
expired, Sandi Kurtz subtracted the discount of $400 when she processed
the documents for payment on December 15, 2007. Discuss whether Sandi Kurtz
behaved in a professional manner by subtracting the discount, even though the discount
period had expired.

2007-09-06 07:36:54 · 1 answers · asked by kitten 1 in Other - Business & Finance

Silva and Wanita Rodriques are the owners of Year-Round Landscape, Inc., a small
landscape and yard service business in southern California. The business is three years
old and has grown significantly, especially during the past year. To sustain this growth,
Year-Round Landscape must expand operations.

In the past, the Rodriques have been able to secure funds for the business from personal
resources. Now those resources are exhausted, and the Rodriques are seeking a loan
from a local bank. To satisfy bank requirements, Year-Round Landscape, Inc., must
provide a set of financial statements, including comparative income statements showing
the growth in earnings over the past three years. In analyzing the records, Silva notices
that the nominal accounts have not yet been closed for this year. Furthermore, Silva is
aware of a major contract that is to be signed on January 3, only three days after the
December 31 year-end for the business. Silva suggests that the closing process be
delayed one week so that this major contract can be included in this year’s operating
results. Silva estimates that this contract will increase current year earnings by 20%.

What accounting issues are involved in this case? What are the ethical issues?

2007-09-06 07:35:05 · 2 answers · asked by kitten 1 in Other - Business & Finance

Jex Varner, chief financial officer of Wyndam, Inc., is involved in a meeting with the firm’s
newly hired external auditors, Ernst & Price. The external auditors have noted several
adjusting entries that they believe should be reflected in the current period’s financial
statements. Specifically, there are questions regarding $400,000 of cash that has been
received (and recorded as revenue) but not yet earned. The auditors feel that this
amount should be recognized as a liability.

Jex counters that the firm’s policy has always been to recognize revenue when the cash
is received. He states that $350,000 of cash was received in December of last year,
earned in January, and no adjustment was made. To be consistent, he continues, he
doesn’t believe any adjustments should be made this year.

As a member of the external auditing team, do you agree with Jex’s reasoning? If you
think that an adjustment needs to be made, what journal entry would you propose? What
should be done about the $350,000 that has been earned this year even though the cash
was received last year?

2007-09-06 07:33:43 · 3 answers · asked by kitten 1 in Corporations

Im donating a Kustom Kar which I built, to be auctioned for a charity, I have heard Im only obligated to give the charity 30% of the sale price. I have looked on the net and cant seem to get the exact legal rules other then a bunch of tax stuff. I am a small biz. owner and am doing theis for 2 reasons, the charity and I need to sell this kar, because I need to put it back into my biz, which is building kustom kars.

2007-09-06 07:32:07 · 5 answers · asked by Dolly Dagger 1 in Small Business

2007-09-06 07:31:49 · 2 answers · asked by Anonymous in Personal Finance

I know what I want to do, play music, and teach music. Be involved in music. I want to get a second Bachelor's degree in Piano performance.

However, there are a couple of things blocking me from this.

1) I don't have the finances to go back to school and teach full-time.
2) I just got a really good job offer for nearly twice my current salary. (Which would help me advance in a carreer I don't want)

But...I've been an administrative assistant for 3 years now and don't want to continue. I have started teaching piano part-time and I really wanted to build up enough students to eventually quit, sooner than later. I have started a band that I love.

This job offer came out of the blue. I'm just not sure whether or not to take it because it means I have to postpone my plan. Should I just take it and hold off on my life? Or should I decline and just start living what I want to do now?

2007-09-06 07:27:35 · 2 answers · asked by Sleepdeprivd 2 in Other - Careers & Employment

2007-09-06 07:21:35 · 7 answers · asked by LOLO 3 in Other - Business & Finance

I understand it may vary from company to company but a general overview would do
many thanks

2007-09-06 07:20:02 · 3 answers · asked by zzz 1 in Corporations

2007-09-06 07:19:17 · 4 answers · asked by talmar_99 1 in Other - Advertising & Marketing

My site is an educational site for youth coaches. I have a lot of video and video clips. My visitors are burning all of my bandwidth and I need to charge them a little bit to cover these costs. The site is www.coachyourkids.com

2007-09-06 07:17:08 · 1 answers · asked by gary j 1 in Small Business

For TRADITIONAL IRAs (not Roth IRAs), the maximum one can deposit into thier IRA is US$4,000.00 during year 2007 (exceptions for those over 50).

Does anyone know what the maximum will be for year 2008 for TRADITIONAL IRAs? I have "heard" but not seen the law that might raise the deposit to US$5,000.00.

I have already read the IRS' website but no info is available there on this subject for 2008 (yet).

Please, can anyone direct me to a source that might be able to answer my question?

Intelligent answers only. Thanks.

2007-09-06 07:16:57 · 3 answers · asked by Terry E 4 in United States